Romania’s Public Debt in Crisis Time Cover Image

Romania’s Public Debt in Crisis Time
Romania’s Public Debt in Crisis Time

Author(s): Andreea Zamfir, Magdalena Ioniţă
Subject(s): National Economy, Governance, Economic development, Public Finances, Fiscal Politics / Budgeting
Published by: EDITURA ASE
Keywords: Economic crisis; Public debt; External public debt; Public debt management; Risk;

Summary/Abstract: This study investigates Romania’s government public debt in this sensitive period of global economic and financial crisis. The study has revealed that Romania’s public debt can be considered sustainable because the level of indebtedness is below the one set by Maastricht criteria. The paper provides a rational background for finding solutions to the problems encountered by the state in order not only to surmount the economic crisis, but to upturn the international investments in Romanian infrastructure. The findings of this study may be used as a starting point for policy making in the fields of public investments and government public debt management.

  • Issue Year: 10/2009
  • Issue No: S1
  • Page Range: 586-592
  • Page Count: 7
  • Language: English